hi all you great members of FF

i'm not a man of the big words so let's start:

i have an idea for a tradingsystem but before i start to invest much time i'd like to know what you think about.

the main idea is to use the power of money- and riskmanagement.

so, in theory the market gives a 50/50 chance of win and loss, right?

if we have a risk/reward ratio of 1:2, the 50/50 chance would be more than enough to be at the winning side, right?

the only thing to do is to find a good SL and TP for the given pair. (ex. a SL of 3pips and TP of 6 would'nt be a

good for daily, but maybe with 40 and 80)

my idea to find a good SL and TP is the following:

take a simple indicator like MA, nonlagma, macd or whatever, wich shows the main trend on a daily chart

and trade only in this direction.

the trade is set at the beginning of every new candle... 00:00.

the SL should be calculated by the diffrence from the OPEN to the HIGH/LOW (marked zones in the attachement)

it should be the average of the last x days and then be doubled.. so if the average of the last 5 days is 25 pips,

the sl should be 50.... and to get the 1:2 risk/reward ratio the TP should be 100 pips.

currently i dont have a specified plan which zones to be calculated for long or short trades, maybe both, the upper

zone and the lower zone, maybe the upperzones only for longtrades and the lowerzones only for short trades or

whatever.... like i said: its only a idea.

i hope you think about and give a feedback.

if i talk bullshit.. please tell me, if not please tell me too.

maybe this brings you to a totally new idea ----> simply write it down..

i hope we could develop a good strategy together...

regards

spence

PS: i use a maximum risk of 3% of my equityper trade, with 1:2 R/R it would be a 6% gain if its a winner... so for 20

tradingdays and a 50/50 chance there could be 30% a month

i'm not a man of the big words so let's start:

i have an idea for a tradingsystem but before i start to invest much time i'd like to know what you think about.

the main idea is to use the power of money- and riskmanagement.

so, in theory the market gives a 50/50 chance of win and loss, right?

if we have a risk/reward ratio of 1:2, the 50/50 chance would be more than enough to be at the winning side, right?

the only thing to do is to find a good SL and TP for the given pair. (ex. a SL of 3pips and TP of 6 would'nt be a

good for daily, but maybe with 40 and 80)

my idea to find a good SL and TP is the following:

take a simple indicator like MA, nonlagma, macd or whatever, wich shows the main trend on a daily chart

and trade only in this direction.

the trade is set at the beginning of every new candle... 00:00.

the SL should be calculated by the diffrence from the OPEN to the HIGH/LOW (marked zones in the attachement)

it should be the average of the last x days and then be doubled.. so if the average of the last 5 days is 25 pips,

the sl should be 50.... and to get the 1:2 risk/reward ratio the TP should be 100 pips.

currently i dont have a specified plan which zones to be calculated for long or short trades, maybe both, the upper

zone and the lower zone, maybe the upperzones only for longtrades and the lowerzones only for short trades or

whatever.... like i said: its only a idea.

i hope you think about and give a feedback.

if i talk bullshit.. please tell me, if not please tell me too.

maybe this brings you to a totally new idea ----> simply write it down..

i hope we could develop a good strategy together...

regards

spence

PS: i use a maximum risk of 3% of my equityper trade, with 1:2 R/R it would be a 6% gain if its a winner... so for 20

tradingdays and a 50/50 chance there could be 30% a month